Asahi Kasei (OTCMKTS:AHKSY - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.18, Zacks reports. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.15 billion. Asahi Kasei had a net margin of 3.95% and a return on equity of 7.48%.
Asahi Kasei Price Performance
Asahi Kasei stock traded up $0.20 during mid-day trading on Wednesday, hitting $14.90. The company's stock had a trading volume of 2,623 shares, compared to its average volume of 36,937. Asahi Kasei has a twelve month low of $12.12 and a twelve month high of $15.80. The company has a quick ratio of 1.09, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $10.38 billion, a P/E ratio of 12.84 and a beta of 0.51. The stock's fifty day moving average price is $13.78 and its two-hundred day moving average price is $13.71.
Analyst Upgrades and Downgrades
Separately, CLSA lowered shares of Asahi Kasei from a "moderate buy" rating to a "hold" rating in a research report on Thursday, June 5th.
Get Our Latest Stock Analysis on Asahi Kasei
Asahi Kasei Company Profile
(
Get Free Report)
Asahi Kasei Corporation manufactures and sells chemicals. It offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, polyethylenes, polyethylenes powder, PMMA resin, polystyrene, polybutadiene rubbers, styrene/butadiene rubbers, clear styrenic copolymer, styrenic thermoplastic elastomer, hydrogenated styrenic elastomers, membranes and systems, functional materials, foams, purging compound, polyisocyanates, polycarbonatediol, aluminum paste, latex, photopolymers and platemaking systems, films, cyclohexanol, cyclohexane, and cyclohexene.
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